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Overview / Commentary
124 Colorado Street
La Junta, CO 81050

The State Bank is headquartered in La Junta and is the 72nd largest bank in the state of Colorado. It is also the 4,853rd largest bank in the nation. It was established in 1893 and as of December of 2013, it had grown to 32 employees at 5 locations. The State Bank has a C+ health rating.

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The State Bank has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 The State Bank had $4.17 million in non-current loans and owned real-estate with $13.1 million in equity and loan loss allowances on hand to cover it. This gives The State Bank a Texas Ratio of 31.79% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for The State Bank increased slightly from 26.02% as of December 31, 2012 to 31.79% as of December 31, 2013, resulting in a negative change of 22.20%. This indicates that the balance sheet and financial strength for The State Bank has declined slightly in recent periods.

Deposit Growth


In the past year, The State Bank has decreased its total deposits by $-378,000, resulting in -0.48% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The State Bank has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The State Bank has $95.54 million in assets with $13.1 million in equity, resulting in a capitalization level of 13.72%, which is excellent.

Institution Statistics

FDIC Certificate #1778
Year Established1893
Primary RegulatorFDIC
Assets and Liabilities
Assets$95.54 million
Loans$43.88 million
Deposits$78.33 million
Equity Capital$12.12 million
Loan Loss Allowance$986,000
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$2.03 million
Historic Data - December 2012
Assets$96.43 million
Equity Capital$12.11 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$2.13 million
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets0.76%
Return on Equity5.99%
Interest Income$3.29 million
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The State Bank Checking Account Rates

0.49%-$25kRedi-Rewards Checking
0.05%--Redi-Rewards Checking

The State Bank Locations
The State Bank124 Colorado StreetLA Junta, CO 81050
The State Bank Branch301 North Main StreetRocky Ford, CO 81067
Drive-In Facility6 West First StreetLA Junta, CO 81050
Falcon Branch7495 Mclaughlin RoadPeyton, CO 80831
Detached Facility901 Elm AvenueRocky Ford, CO 81067